Global Respiratory Monitoring Devices Market 2019-2023

A key factor driving the growth of the global respiratory monitoring devices market is the increasing prevalence of chronic respiratory diseases. The number of patients suffering from the chronic respiratory disease has increased substantially over the years. They are primarily caused by air pollution, dust, occupational chemicals, and tobacco smoke. Patients who suffer from chronic respiratory diseases such as asthma or chronic obstructive respiratory diseases (COPD) are advised to undergo continuous monitoring. Thus, with the increasing prevalence of respiratory diseases, the demand for respiratory monitoring devices will grow significantly during the forecast period.

This market research report on the global monitoring devices respiratory market analysis 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

Global respiratory monitoring devices market: Technological advances in respiratory monitoring devices

With continuous innovations in smartphones, cordless devices, wearables, and integrated devices, the end-users are shifting toward technologically advanced products. Companies are constantly focusing on developing technologically advanced products to increase the efficiency and effectiveness of the diagnosis. For instance, Medtronic, developed Capnostream 35, a portable respiratory monitor, which is used to provide continuous measurement of SpO₂ (pulse oximeter), EtCO₂ (capnography), respiration rate, and pulse rate. The development of technologically advanced respiratory monitoring products will undoubtedly lead to an increase in adoption of these products for an early diagnosis.

Global respiratory monitoring devices market: Segmentation analysis

This market research report segments the global respiratory monitoring devices market by product (pulse oximetry, spirometry, and capnography) and geographical regions (APAC, EMEA, and the Americas).

The Americas region led the market in 2018, followed by EMEA and APAC respectively. Although the APAC region held the smallest share of the market in 2018, it is expected to register the highest incremental growth during the forecast period.